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Jolimark Holdings
(2028)
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Rating:43Neutral
Price Target:
HK$2.00
▼(-25.09% Downside)
Action:Reiterated
Date:10/23/26
The score is driven primarily by weak financial performance, including sustained losses and a fragile capital structure with negative equity. Technical indicators also point to a downtrend, despite oversold readings suggesting only a potential short-term bounce. Valuation is difficult to justify using a negative P/E and there is no dividend yield data to provide additional support.
Positive Factors
2025 Revenue Rebound
The 2025 revenue rebound indicates that demand or business activity improved from the prior year, providing a base for recovery. If sustained, better top-line performance could support operating leverage, improve resource utilization, and help management address the company’s prolonged profitability challenges.
Negative Factors
Persistent Losses
Multi-year losses and sharply negative operating and net margins show that the business has not yet established a sustainable earnings model. Continued unprofitability can consume financial resources, limit reinvestment capacity, and make any revenue recovery less valuable until the cost structure is stabilized.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Revenue Rebound
The 2025 revenue rebound indicates that demand or business activity improved from the prior year, providing a base for recovery. If sustained, better top-line performance could support operating leverage, improve resource utilization, and help management address the company’s prolonged profitability challenges.
Read all positive factors
Jolimark Holdings (2028) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.57B
Dividend Yield2.03%
Average Volume (3M)25.77M
Price to Earnings (P/E)―
Beta (1Y)-1.41
Revenue Growth3.00%
EPS Growth6.72%
CountryHK
Employees473
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.07
Shares Outstanding858,334,100
10 Day Avg. Volume17,289,600
30 Day Avg. Volume25,772,793
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)-1.03
Price to Sales (P/S)0.30
P/FCF Ratio-81.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Jolimark Holdings Business Overview & Revenue Model
Company Description
Jolimark Holdings Limited operates as an investment holding company primarily engaged in the manufacturing and distribution of various electronic devices, notably printers, across the People's Republic of China. Under its proprietary Jolimark bran...
Jolimark Holdings Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 134.38M | 143.42M | 149.74M | 203.48M | 279.19M | 344.61M |
| Gross Profit | 28.90M | 21.85M | 18.37M | 22.52M | 65.10M | 95.61M |
| EBITDA | -9.85M | -31.92M | -38.37M | -53.45M | -14.30M | -3.89M |
| Net Income | -42.70M | -49.61M | -59.83M | -79.47M | -40.01M | -25.18M |
Balance Sheet | ||||||
| Total Assets | 115.72M | 134.58M | 206.14M | 254.19M | 356.60M | 457.13M |
| Cash, Cash Equivalents and Short-Term Investments | 8.03M | 12.05M | 24.43M | 37.29M | 68.97M | 125.50M |
| Total Debt | 112.65M | 116.19M | 143.05M | 111.44M | 123.28M | 114.31M |
| Total Liabilities | 172.58M | 178.61M | 196.81M | 177.41M | 200.52M | 251.25M |
| Stockholders Equity | -54.77M | -42.14M | 11.20M | 77.85M | 156.85M | 206.01M |
Cash Flow | ||||||
| Free Cash Flow | -8.35M | -536.00K | -46.02M | -23.85M | -74.46M | -6.00M |
| Operating Cash Flow | -6.41M | 1.71M | -44.22M | -19.60M | -69.70M | 6.58M |
| Investing Cash Flow | -1.94M | -2.10M | -1.31M | -2.36M | 60.61M | -69.13M |
| Financing Cash Flow | 4.04M | -12.03M | 32.68M | -9.86M | 14.66M | 21.51M |
Jolimark Holdings Technical Analysis
Negative
2.67
Price Trends
3.17
Negative
2.31
Negative
1.24
Positive
Market Momentum
-0.43
Positive
34.52
Neutral
18.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2028, the sentiment is Negative. The current price of 2.67 is below the 20-day moving average (MA) of 3.16, below the 50-day MA of 3.17, and above the 200-day MA of 1.24, indicating a neutral trend. The MACD of -0.43 indicates Positive momentum. The RSI at 34.52 is Neutral, neither overbought nor oversold. The STOCH value of 18.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2028.
Jolimark Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | HK$262.93B | 39.36 | 11.29% | 2.06% | 26.22% | -52.64% | |
56 Neutral | HK$9.97B | 264.89 | 3.98% | ― | -4.33% | ― | |
43 Neutral | HK$1.57B | -22.57 | 88.11% | 2.03% | 3.00% | 6.72% | |
40 Underperform | HK$1.65B | -1.35 | -29.05% | 3.94% | -2.67% | -127.19% | |
40 Underperform | HK$47.48M | -7.04 | -424.45% | 1.02% | -26.68% | -37.04% | |
34 Underperform | HK$496.49M | -21.09 | -17.54% | 3.45% | -4.56% | 14.91% |
* Technology Sector Average
HK:2028
Jolimark Holdings
1.83
1.75
2078.57%
HK:0992
Lenovo Group
20.50
9.39
84.52%
HK:1079
Pine Technology Holdings Limited
0.23
-0.10
-30.54%
HK:3336
Ju Teng International Holdings Limited
1.96
0.15
8.01%
HK:8159
Glory Mark Hi-Tech (Holdings) Ltd
1.18
-0.68
-36.56%
HK:2436
LX Technology Group Limited
28.22
24.17
596.79%
Jolimark Holdings Corporate Events
Jolimark Holdings Reshapes Board Leadership With New Chairman Appointment
Oct 15, 2026
Jolimark Holdings Limited has announced significant changes to its board, underscoring a shift in leadership and potentially in strategic direction. The company, listed in Hong Kong and governed under standard listing and corporate governance rule...
Jolimark Sets Out Board Structure and Committee Roles
Oct 15, 2026
Jolimark Holdings Limited has announced the current composition of its board of directors, identifying executive, non-executive and independent non-executive members and confirming Yan Fucheng as chairman and Au Kwok Lun as chief executive officer...
Jolimark’s Major Share Placing Ends Control of Key Shareholder
Sep 24, 2026
Jolimark Holdings has announced the completion of a major share placing by a controlling shareholder, executed over three tranches in mid to late September 2026. In total, 410,694,000 existing shares, representing about 47.85% of the company’...
Jolimark Controlling Shareholder Partially Completes Share Placing
Sep 21, 2026
Jolimark Holdings has announced the partial completion of a placing of existing shares by a controlling shareholder, with 141,030,000 shares placed through a placing agent under the terms of a previously disclosed agreement. The company cautioned ...
Jolimark Controlling Shareholder Partially Completes Share Placing
Sep 15, 2026
Jolimark Holdings Limited has announced the partial completion of a placing of existing shares by one of its controlling shareholders. The vendor has placed 129,100,000 shares through the appointed placing agent under the terms of the existing pla...
Jolimark’s Controlling Shareholder Moves to Place Entire 51.85% Stake
Sep 4, 2026
Jolimark Holdings has announced that its controlling shareholder, Kytronics Holdings Limited, an indirect wholly owned vehicle of chairman Mr. Au Pak Yin, has entered into a placing agreement with an independent placing agent to dispose of up to 4...
Jolimark Reshapes Board with New Executive Director Appointment
Sep 1, 2026
Jolimark Holdings has announced a board reshuffle effective 1 September 2026, with non-executive director Ou Guo Liang resigning due to personal and business commitments. The company said Ou has no disagreement with the board, and expressed apprec...
Jolimark Clarifies Board Structure and Committee Roles
Sep 1, 2026
Jolimark Holdings has disclosed the composition of its board, naming three executive directors, including chairman Au Pak Yin, alongside three independent non-executive directors, to clarify its current governance lineup for investors and regulato...
Jolimark Narrows Interim Loss Despite Revenue Decline
Aug 28, 2026
Jolimark Holdings reported unaudited revenue of RMB62.0 million for the six months ended 30 June 2026, down from RMB70.2 million a year earlier, as cost of goods sold fell proportionally and gross profit remained broadly flat at about RMB10.2 mill...
Jolimark Warns of Continued Losses Amid Weak Printer Demand
Aug 14, 2026
Jolimark Holdings has issued a profit warning, advising shareholders and potential investors that it expects to record a net loss of between RMB20 million and RMB28 million for the six months ended 30 June 2026, narrower than the RMB31 million los...
Jolimark Board Sets August Meeting to Review Interim Results and Dividend
Aug 13, 2026
Jolimark Holdings has scheduled a board meeting in Hong Kong on 28 August 2026 to review and approve the interim financial results for the six months ended 30 June 2026. The board will also consider whether to recommend the payment of an interim d...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.